The amount of the deal was not disclosed. Upon closing, Klaus Voss, a veteran environmental technology and real estate executive with more than 20 years of experience, was named CEO of OnePlus. Jay Alter joined as CFO.
Founded in 1989, OnePlus enables users of large industrial waste compactors, such as commercial property owners, retailers and government agencies, to lower their waste removal costs. Specifically, the company’s patented sensor technology monitors how full a compactor is and alerts both the waste hauler and property owner when it’s time for a pickup.
OnePlus serves companies such as Lowes, Home Depot, United States Postal Service, Hyatt Hotels and Amazon while allowing waste haulers like Republic Services and Advanced Disposal to more efficiently manage their fleets.